Purchasing System Automates Purchase Orders, Requisitions, and Inventory Management
This is the fourth in a series of posts in which we are re-introducing our software suites. We're providing an overview of each suite to give those who've been discovering us a bit of insight into who we are and what we do.
Today's focus is the SBS Procurement Suite. Our procurement software is designed to manage your company's procurement life cycle from supplier through final payment. Using an integrated system allows you to streamline the procurement process, automate approvals, and ensure that company policies are consistently applied.
Purchasing
Streamlining your procurement process and automating routine transactions eliminates manual tasks. This frees up your staff to focus on strategic opportunities such as sourcing and pricing. Our system automatically tracks order information including vendors, quantities, items purchased, delivery dates, payment terms, and costs. Consolidating purchasing across your organization lets you receive the best price, in the right quantity, at the right time, from the right source.
Requisitions
Moving to electronic requests for goods and services saves time and automates your approval process. Purchasing requests are routed by email based on your company's approval requirements. Individuals who make requests can be notified automatically of manager approvals, or denials, of all or part of their requests.
Inventory Management
Being able to maintain optimal levels, track item cost and usage, and replenish inventory with little effort is the key to effective inventory management. Our replenishment processing function automatically generates purchase orders to efficiently maintain stocking levels.
Project Accounting
Knowing the financial impact of business activities plays a crucial role in the success of every department, business unit, and organization. Project accounting allows you to monitor the revenues and expenses of activities such as marketing campaigns, capital projects, or facility and fleet maintenance.
Read the previous article in the series about our Human Resources Management Software (HRMS).
